- Star Navigation Systems Group (SNA) has received a Letter of Intent (LOI) from the LAPSSET Corridor Development Authority (LCDA) to purchase its tracking and monitoring technology
- The program is Eastern Africa’s largest and most ambitious infrastructure project, bringing together the Governments of Kenya, Ethiopia, and South Sudan via the development of airports, highways, oil pipelines, railways lines, dams, ports, and resort cities
- The LAPSSET Corridor Project covers more than half of the country with a planned investment resource equivalent to half of Kenya’s GDP for the core investment alone
- CEO Amir Bhatti sat down with Daniella Atkinson to explain how the LAPSSET Corridor will deliver socioeconomic development and prosperity
- Star Navigation Systems Group Ltd. (SNA) opened trading at C$0.025
Star Navigation Systems Group (SNA) has received a Letter of Intent (LOI) from the LAPSSET Corridor Development Authority (LCDA).
LAPSSET intends to purchase its tracking and monitoring technology.
The technology tracks marine, train, and land assets for the LAPSSET Corridor Program. The program is Eastern Africa’s largest and most ambitious infrastructure project, bringing together the Governments of Kenya, Ethiopia, and South Sudan via the development of airports, highways, oil pipelines, railways lines, dams, ports, and resort cities.
The LAPSSET Corridor Project covers more than half of the country with a planned investment resource equivalent to half of Kenya’s GDP for the core investment alone.
Since the initial Letter of Expression (LOE) that was sent to Star by LCDA in June, discussions had been ongoing with respect to further modernization and operational improvements to provide connectivity, enhanced trade, and logistics to the LAPSSET program.
This project consists of seven infrastructure projects, including:
- A new 32 Berth port at Lamu (Kenya)
- Interregional highways
- Crude oil pipelines
- Product oil pipelines
- Interregional standard gauge railway lines
- Three international airports
- Three resort cities
- The multipurpose High Grand Falls Dam along the Tana River
Star Navigation’s CEO, Amir Bhatti, sat down with Daniella Atkinson to explain how the LAPSSET Corridor will deliver socioeconomic development and prosperity to hundreds of millions of people for generations.
“Star Navigation Systems is honoured to play a vital role in the safety, efficiency and tracking of all the modes of transport that will be moving the people and goods necessary to make LAPSSET a shining success for all the world to see in the coming decades. We look forward to providing our shareholders with even more details as our discussions and relationship progress.”
Star Navigation Systems Group manufactures the in-flight safety monitoring system STAR-ISMS.
Star Navigation Systems Group Ltd. (SNA) opened trading at C$0.025.